ITC Hotels demerger could lead to passive outflow of $180 million: Nuvama
Following the demerger of ITC Hotels from ITC Ltd, Nuvama expects an outflow of approximately $180 million due to the corporate action. The passive flow for Nifty50 is projected at $110 million, while for Sensex,
Why ITC Opted For Demerger Of Its Hotels Business — Explained
ITC Ltd. announced the demerger of its hotel business, effective January 1, 2025. The move aims to unlock value for shareholders by providing direct access to ITC Hotels, while allowing ITC to focus on its high-margin businesses.
Indian conglomerate ITC's value adjusts 5% lower after hotels business spin-off
Indian foods-to-tobacco group ITC's market value was adjusted lower by about 5%, or 325 billion rupees ($3.8 billion), in a special trading session on Monday to account for the spin-off of the conglomerate's hotels business.
ITC Demerger: Unveiling New Horizons for Hotel Business
The special trading session revealed ITC's share price for its demerged hotel business, settling at Rs 455.60 on NSE. From January 1, 2025, ITC Hotel became independent, and shareholders received one ITC Hotel share for every 10 ITC shares.
ITC Shares Priced at 459 Rupees After Hotel Unit Spinoff
Cigarettes-to-consumer goods conglomerate ITC Ltd.’s shares fell as much as 5% from Friday’s close in a special price discovery session in Mumbai to adjust for the spinoff of its hotels division.
India's ITC falls 5% to "discover" price after hotels business spin off
Shares of ITC fell about 5% on Monday in a special trading session to "discover" its price after accounting for the foods to tobacco conglomerate spinning off its hotels business into a separate listed entity.
ITC Demerger: Shares Drop 6% After Hotel Business Spin-Off
ITC Ltd's share price dropped over 6% in early trading on January 4, 2025, following the spin-off of its hotel business into ITC Hotels.The cigarette-to-FMCG conglomerate’s shares settled at Rs 455 on BSE and Rs 455.
ITC Share Price: BUY or SELL after ITC Hotels share demerger? Check TARGET
ITC share price on NSE was adjusted by Rs 26 after ITC Hotels demerger on ex-date (January 6). ITC Hotels listing date is yet to be announced.
ITC share price adjusts ₹27 lower after trading ex-hotels business. Buy or sell?
I TC shares are now trading ex-demerger, which means the value of ITC shares are now ex-hotels business. At the end of a special trading session for the price discovery of ITC Hot
ITC, HUL, Nestle: Here’s what to expect from FMCG sector in Q3 result season
In the forthcoming earnings season, Emkay Global Financial Services believes that the near-term sector outlook staying muted, ...
devdiscourse21h
ITC Demerger: Unveiling New Horizons in Hospitality
ITC's shares dropped as the company's hotel division spun off, now trading separately. Shareholders will receive one share of ...
ITC Share Price Live Updates: ITC Stock Performance: Today's Change
Stay up-to-date with the ITC Stock Liveblog, your comprehensive source for real-time updates and detailed analysis on a ...
Skift4d
ITC Hotels’ Spinoff Takes Effect: What it Means for India’s Hospitality Market
ITC's move to demerge its hotel division comes amid positive investor outlook for the industry as demand for travel trumps ...
ndtvprofit7h
Delivery-Based Selling in RIL, HDFC Bank, ITC And Zomato As Benchmark Ended Lower
ITC Ltd recorded a delivery volume of 1.4 crore shares, with a delivery percentage of nearly 60%. The total volume stood at ...
ITC Share Price Live Updates: ITC Reports Decline Amid Market Fluctuations
Discover the ITC Stock Liveblog, your ultimate resource for real-time updates and insightful analysis on a prominent stock.
ITC falls Friday, underperforms market
ITC Ltd. 500875 shares dropped 1.48% to 482.00 Indian rupees Friday, on what proved to be an all-around dismal trading ...
ITC Demerger: Analysts remain optimistic amid strategic restructuring, see up to 29% upside potential in shares
ITC Hotels will become an independent entity post-demerger on January 1, 2025, allowing shareholders to retain full ownership ...